Turning the tide: A plan to tackle online fraud

Download the report at this link.

"The threat fraud poses to the UK is severe. Fraud has risen exponentially over the last decade to become the most frequently experienced crime in the UK, making up around 40 per cent of all crime.1 Online fraud has contributed significantly to this increase.2,3 Beyond the harm it causes to families and communities, and the significant cost to the UK economy, fraud helps fund other serious crimes, including terrorism.4

However, the national response to fraud does not match the scale of the threat. Fraud has been under-prioritised for over a decade, allowing the UK to become ‘a haven for fraudsters’.5 The multiplicity of actors responsible for the fraud response and the lack of accountability at government level have created a responsibility vacuum. Policing structures are not suited to respond to 21st century fraud and law enforcement lacks the necessary skills and resources to deter and detect online fraudsters effectively."

Money Laundering Risk Assessment

 "The Money Laundering in Australia National Risk Assessment 2024 (the assessment) is an important

contribution to Australia’s efforts to counter money laundering and other serious crime. It brings

together insights from across Australia’s law enforcement, intelligence and regulatory agencies,

private sector stakeholders and international financial intelligence units (FIUs) to assess risks

associated with money laundering. It assesses crimes that generate illicit proceeds, as well as the

methods and channels used to launder funds in Australia. It also examines the international and

domestic drivers that influence the Australian environment, and considers how Australia mitigates

and combats money laundering activity, including where improvements could be made."

See the report at this link.